Experience the Financial Freedom
You Deserve
Rich Pinnell
NMLS#1067640
Rich Pinnell, CRMP, is a family-oriented man who entered the mortgage industry in 2013, nearly a decade ago. Handling some of the most complex reverse mortgage situations since the beginning, he quickly learned the process, and truly enjoyed helping his clients experience the true meaning of financial freedom.
A reverse mortgage is just a home loan that doesn’t require a regular payment, it’s a way to release some of the equity in your home without selling or taking on more debt that requires a monthly payment. FHA allows us to lend money based on the amount of equity (value less liens), the age of the youngest borrower on the loan and current interest rates. Once you complete some FHA required education we’ll help you compete the application process, order an appraisal and get the process going.
What Is A
Reverse
Mortgage?
What is a reverse mortgage?
A reverse mortgage is just a home loan that doesn’t require a regular payment, it’s a way to release some of the equity in your home without selling or taking on more debt that requires a monthly payment. FHA allows us to lend money based on the about of equity (value less liens) you have in your home, the age of the youngest person on the loan. Once you complete some FHA required education we’ll help you compete the application process, order an appraisal and get the process going.
The Reverse Mortgage Process
Step 1: Talk with Rich About Your Reverse Mortgage
Not sure if this process is best for you? Not a problem! Reach out to Rich today to discuss reverse mortgages and discover what it can do for you.
Step 2: Attend Reverse Mortgage Counseling
Attend 3rd Party HUD approved and required counseling to understand the impact a reverse mortgage can have on your life, leaving you with additional funds to afford the cost of living. Counseling leaves you well-informed and ready to make a decision that works in your favor.
Step 3: Fill Out Your Application & Documents
Once you’re ready to start the reverse mortgage process, Rich can help you complete your application and supply the required documents needed to move the process forward.
Step 4: Your Loan File is Analized by Underwriting
After submitting your application with the necessary documents, underwriting will analyze the file and create your loan the loan documents to close your Reverse Mortgage.
Step 5: Your Loan is Finalized
The final step in the process is the finalizing of your loan. You’ll then have access to the funds you need to experience financial freedom.
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